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Cable Update (GBPUSD)

  • #347,781
  • Sep 30, 2013 3:08pm Sep 30, 2013 3:08pm
JeremyWS do you think 1.621 is 2 close for a stop on the futures contract? Im just looking for your opinion thanks
  • #347,782
  • Sep 30, 2013 3:09pm Sep 30, 2013 3:09pm
Quoting JeremyWS
{quote} Ok, Please give ONE reason why the GBPUSD will go to 2.65 even in the next 5 years?

I read an article in January from an expert working in Goldman Sachs (i will get my hands on it and post it here) that the cable will go down and double its current price in 1 year, He was very clear as to what he was saying. The reason ge gave was the reluctance of those behind the Market fluctuations to give the GBP out he said. I am still looking for the meaning of that statement. Apart from that, most experts favor the statement
The fragrance remains in the hands of those that gves the rose
  • #347,783
  • Sep 30, 2013 3:29pm Sep 30, 2013 3:29pm
Quoting Trying2Lose
JeremyWS do you think 1.621 is 2 close for a stop on the futures contract? Im just looking for your opinion thanks
well if you are looking for 1.6170 then maybe not, if 1.60 then yes. PMIs tomorrow meet us at a special time. the CESI index is falling (still +ve) and the GBP is very high.

This means that if we miss by 1 then the fall maybe 2x greater than if we beat by 1. Therefore probabilitically it is only a short, but this doesn't stop it from moving to 1.6250 before we head lower.
  • #347,784
  • Sep 30, 2013 3:31pm Sep 30, 2013 3:31pm
Quoting okosodo
{quote} I read an article in January from an expert working in Goldman Sachs (i will get my hands on it and post it here) that the cable will go down and double its current price in 1 year, He was very clear as to what he was saying. The reason ge gave was the reluctance of those behind the Market fluctuations to give the GBP out he said. I am still looking for the meaning of that statement. Apart from that, most experts favor the statement
Please do find it, I read HSBC's, MS's, Goldmans daily reports and there has never been a mention of 2.65.

Goldman sachs forecasts :
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  • #347,785
  • Sep 30, 2013 3:35pm Sep 30, 2013 3:35pm
Goldman forecasts from last quarter (these will change over the coming few days)
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  • #347,786
  • Sep 30, 2013 3:39pm Sep 30, 2013 3:39pm
Quoting JeremyWS
{quote} well if you are looking for 1.6170 then maybe not, if 1.60 then yes. PMIs tomorrow meet us at a special time. the CESI index is falling (still +ve) and the GBP is very high. This means that if we miss by 1 then the fall maybe 2x greater than if we beat by 1. Therefore probabilitically it is only a short, but this doesn't stop it from moving to 1.6250 before we head lower.
Thanks for the reply i moved up my stop 1.627 im looking for it to move lower and try to break 1.6
  • #347,787
  • Sep 30, 2013 3:45pm Sep 30, 2013 3:45pm
Quoting JeremyWS
{quote} Ok, Please give ONE reason why the GBPUSD will go to 2.65 even in the next 5 years?
Everyone starts to simply wipe their arse with the ever increasing supply of toilet paper that is the USD might do the trick
Come with me if you want to live....
  • #347,788
  • Sep 30, 2013 3:47pm Sep 30, 2013 3:47pm
Quoting Ill-b-back
{quote} Everyone starts to simply wipe their arse with the ever increasing supply of toilet paper that is the USD might do the trick
lets be honest, if there is a case for hyperinflation in the US, then the case is far stronger in the UK.
  • #347,789
  • Sep 30, 2013 3:55pm Sep 30, 2013 3:55pm
Quoting JeremyWS
{quote} lets be honest, if there is a case for hyperinflation in the US, then the case is far stronger in the UK.
It's not a case of hyperinflation, but if the signs are there that the USD will lose its reserve status, then it will simply come in for a very hard landing. I doubt we are going much higher from here, but from a tech point of view, if and when we retest the Jan - June weekly/monthly TL again, I see that as a major reversal signal of epic proportions.
and if Ben (or whoever) insists on keeping the printing status quo to keep things afloat (or restarts the program if tapering is not received well by the market), then who knows where the DOW could go...
Come with me if you want to live....
  • #347,790
  • Sep 30, 2013 4:01pm Sep 30, 2013 4:01pm
Quoting Ill-b-back
{quote} It's not a case of hyperinflation, but if the signs are there that the USD will lose its reserve status, then it will simply come in for a very hard landing. I doubt we are going much higher from here, but from a tech point of view, if and when we retest the Jan - June weekly/monthly TL again, I see that as a major reversal signal of epic proportions. and if Ben (or whoever) insists on keeping the printing status quo to keep things afloat (or restarts the program if tapering is not received well by the market), then who knows where the DOW...
take a case study of Japan, there is much evidence that we are entering a 2004/05 japan in terms of mon pol. and we weirdly saw huge JPY strength (ok they had trade surplus) maybe we see the same for US? who knows.
  • #347,791
  • Sep 30, 2013 4:04pm Sep 30, 2013 4:04pm
Keep It Simple.................
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The More You Learn, The More You Earn.....
  • #347,792
  • Sep 30, 2013 4:06pm Sep 30, 2013 4:06pm
Quoting nAVIN2007
{quote} this thing thinks it is usain bolt
lol...
Come with me if you want to live....
  • #347,793
  • Sep 30, 2013 4:14pm Sep 30, 2013 4:14pm
Quoting JeremyWS
{quote} take a case study of Japan, there is much evidence that we are entering a 2004/05 japan in terms of mon pol. and we weirdly saw huge JPY strength (ok they had trade surplus) maybe we see the same for US? who knows.
Could be, I really don't know, but it was a reason/ scenario that's all.
With so much reliance on deficit spending to fund such an immense, important (and influential) military complex for example, the adjustment in this sector alone if it lost reserve status could have large ramifications.
Come with me if you want to live....
  • #347,794
  • Sep 30, 2013 4:16pm Sep 30, 2013 4:16pm
Quoting Ill-b-back
{quote} Could be, I really don't know, but it was a reason/ scenario that's all. With so much reliance on deficit spending to fund such an immense, important (and influential) military complex for example, the adjustment in this sector alone if it lost reserve status could have large ramifications.

well one thing i know month is not a pin bar
  • #347,795
  • Sep 30, 2013 4:17pm Sep 30, 2013 4:17pm
another day completed without cable breaking the 6200.. think bears might be coming in.. just need to confirm that first..

cleared my position on EG and ucad - because ucad breakout 0300..

no position atm.. will see later..
  • #347,796
  • Sep 30, 2013 4:19pm Sep 30, 2013 4:19pm
Quoting A-speculator
another day completed without cable breaking the 6200.. think bears might be coming in.. just need to confirm that first.. cleared my position on EG and ucad - because ucad breakout 0300.. no position atm.. will see later..

this could be the best short u had
  • #347,797
  • Sep 30, 2013 4:23pm Sep 30, 2013 4:23pm
Quoting nAVIN2007
{quote} this could be the best short u had
lol. yeah not many pip there.. i'm think to reverse my position on EG since EG kinda hovering above the support but too tired already.. need to get some sleep..
  • #347,798
  • Sep 30, 2013 4:33pm Sep 30, 2013 4:33pm
Quoting A-speculator
{quote} lol. yeah not many pip there.. i'm think to reverse my position on EG since EG kinda hovering above the support but too tired already.. need to get some sleep..

dont blame u bro..
  • #347,799
  • Sep 30, 2013 6:04pm Sep 30, 2013 6:04pm
Quoting nAVIN2007
{quote} its too late for the trade safe.. can u believe these people:- http://www.forexfactory.com/news.php?do=news&id=450065 based on this thread..id say no!!!!!!
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Always looking the GREAT, never left GOOD Point...
  • #347,800
  • Sep 30, 2013 9:34pm Sep 30, 2013 9:34pm
Still long GU from 9/11/2013 a bunch o pips
All posts are my personal opinion
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